A long time coming but buyers are building for the move up

Potential Buy Entry Alert to Watch SHV

Time Frame : Daily/Weekly

Sector : Food, Beverage and Tabacco/Consumer Defensive

Key Stats : $588.1 Million Market Cap, VWAP 6.096, ASX Ranking 316, 4 Week Av Turnover $1,406,584, Current Turnover (Intraday as at time of alert) $143,538, PE 26.6, Div Yield 1.95%.

Company Overview : Select Harvests Limited (SHV) is an almond producer which grows, processes, packages, sells and distributes almond from its almond orchards. SHV is also a manufacturer and marketer of edible nuts, dried fruits, seeds, and a range of natural health foods to the Australian, Asia, Europe and the Middle East retail and industrial markets. SHV provides a management services to external owners of almond orchards.

Broker Consensus : HOLD

SHV – Select Harvests Limited

SHV has been in the woods for a while as buyers have been out of the action. We see the early signs that price is ready to kick higher and drag in more action from buyers as we see a potential move up through 6.50 to 7.50 and potentially beyond. We are now watching for volume to pick up on any spike higher that will confirm that buyers are coming in to join the party.

Stock Code : SHV – Select Harvests Limited

Company Website : www.selectharvests.com.au

Current Price : 6.12

Status : On watch for potential higher low